Company research
Harvard Apparatus Regenerative Technology, Inc.
CIK 1563665Updated Oct 6, 2026
SecurityHRGN · OTC · equity
Name history
Biostage, Inc. · through Jul 10, 2023
HRGN price & chart
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Recent filings
10-Q filing
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Items 1.01, 3.02, 9.01
D filing
Items 06b
10-Q filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 2,546,000Source | 5,311,000Source | 1,685,000Source | 2,137,000Source | 4,442,000Source | 1,798,000Source | 3,415,000Source | 4,442,000Source | 2,677,000Source | 4,442,000Source | 2,614,000Source | 2,400,000Source |
| Property, Plant and Equipment, NetUSD | 7,000Source | 13,000Source | 4,000Source | 8,000Source | 14,000Source | 5,000Source | 9,000Source | 19,000Source | 6,000Source | 11,000Source | 25,000Source | 49,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,319,000Source | 3,593,000Source | 351,000Source | 786,000Source | 139,000Source | 419,000Source | 1,728,000Source | 272,000Source | 1,352,000Source | 2,486,000Source | 432,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,000Source | 1,000Source | 9,000Source | 5,000Source | — | 16,000Source | 4,000Source | 7,000Source | 16,000Source | 231,000Source | 4,000Source | — |
| Inventory, NetUSD | 22,000Source | 113,000Source | 0Source | 27,000Source | 60,000Source | 15,000Source | 48,000Source | 44,000Source | 16,000Source | 80,000Source | 50,000Source | — |
| Assets, CurrentUSD | 1,627,000Source | 3,974,000Source | 789,000Source | 1,117,000Source | 656,000Source | 873,000Source | 2,302,000Source | 617,000Source | 1,829,000Source | 3,234,000Source | 783,000Source | 1,594,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 230,000Source | 146,000Source | 346,000Source | 246,000Source | 114,000Source | 405,000Source | 432,000Source | 135,000Source | 427,000Source | 347,000Source | 87,000Source | 79,000Source |
| Operating Lease, Right-of-Use AssetUSD | 221,000Source | 318,000Source | 141,000Source | 245,000Source | 68,000Source | 168,000Source | 270,000Source | 21,000Source | 195,000Source | 293,000Source | 48,000Source | 147,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 992,000Source | 1,471,000Source | 3,064,000Source | 1,376,000Source | 2,020,000Source | 1,706,000Source | 1,367,000Source | — | 1,620,000Source | 1,220,000Source | 968,000Source | 1,411,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 172,000Source | 159,000Source | 176,000Source | 159,000Source | 143,000Source | 176,000Source | 159,000Source | 139,000Source | 176,000Source | 159,000Source | 139,000Source | 122,000Source |
| Additional Paid in CapitalUSD | 106,261,000Source | 102,049,000Source | 108,305,000Source | 103,779,000Source | 96,073,000Source | 108,082,000Source | 103,242,000Source | 94,023,000Source | 107,450,000Source | 102,757,000Source | 93,463,000Source | 79,698,000Source |
| Retained Earnings (Accumulated Deficit)USD | -104,870,000Source | -98,344,000Source | -109,853,000Source | -103,170,000Source | -96,484,000Source | -108,158,000Source | -101,347,000Source | -93,986,000Source | -106,557,000Source | -99,688,000Source | -91,956,000Source | -83,011,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -9,000Source | -24,000Source | -7,000Source | -7,000Source | -22,000Source | -8,000Source | -6,000Source | -1,000Source | -12,000Source | -6,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 1,554,000Source | 3,840,000Source | -1,379,000Source | 761,000Source | -290,000Source | 92,000Source | 2,048,000Source | 175,000Source | 1,057,000Source | 3,222,000Source | 1,646,000Source | -3,191,000Source |
| Liabilities and EquityUSD | 2,546,000Source | 5,311,000Source | 1,685,000Source | 2,137,000Source | 1,730,000Source | 1,798,000Source | 3,415,000Source | 2,415,000Source | 2,677,000Source | 4,442,000Source | 2,614,000Source | 2,400,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 876,000Source | 1,247,000Source | 3,042,000Source | 1,231,000Source | 1,992,000Source | 1,651,000Source | 1,195,000Source | 2,240,000Source | 1,534,000Source | 1,021,000Source | 968,000Source | 1,363,000Source |
| Operating Lease, Liability, CurrentUSD | 108,000Source | 105,000Source | 123,000Source | 104,000Source | 40,000Source | 118,000Source | 100,000Source | 21,000Source | 113,000Source | 95,000Source | 48,000Source | 99,000Source |
| Accounts Payable, CurrentUSD | 313,000Source | 507,000Source | 757,000Source | 352,000Source | 752,000Source | 239,000Source | 455,000Source | 890,000Source | 454,000Source | 452,000Source | 445,000Source | 682,000Source |
| Operating Lease, Liability, NoncurrentUSD | 116,000Source | 224,000Source | 22,000Source | 145,000Source | 28,000Source | 55,000Source | 172,000Source | — | 86,000Source | 199,000Source | — | 48,000Source |
| Additional Financial Items | ||||||||||||
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | 3,600,000Source | — | — | 100,000Source | — | — | 300,000Source | — | — | 400,000Source | — |
| Short-term InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 1,200,000Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 632,000Source | 485,000Source | 2,010,000Source | 2,402,000Source | 3,461,000Source | 1,031,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 0Source | -227,000Source | -215,000Source | 227,000Source | 4,000Source | — |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -1,000Source | -32,000Source | -64,000Source | 30,000Source | 50,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | — | — | — | 7,000Source | -237,000Source | 6,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -937,000Source | -758,000Source | -3,828,000Source | -4,852,000Source | -6,939,000Source | -5,106,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | — | — | — | 0Source | -11,000Source | -5,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | — | — | — | 0Source | 11,000Source | 5,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | — | 0Source | 2,700,000Source | 6,912,000Source | 6,141,000Source | 5,060,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -933,000Source | -758,000Source | -1,134,000Source | 2,054,000Source | -809,000Source | -51,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | — | — | — | — | 432,000Source | 1,241,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 2,000Source | 2,000Source | 9,000Source | 38,000Source | 14,000Source | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 562,000Source | 200,000Source | 500,000Source | 200,000Source | 20,000Source | 2,010,000Source | — | — | — |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | 3,600,000Source | — | — | — | — | — | — | 400,000Source | — |
| DepreciationUSD | — | — | — | — | — | — | 1,000Source | 2,000Source | 5,000Source | 14,000Source | 35,000Source | 52,000Source |
| General and Administrative ExpenseUSD | — | — | 1,045,000Source | 1,148,000Source | 751,000Source | 1,151,000Source | 1,045,000Source | 1,071,000Source | 4,253,000Source | 5,022,000Source | 5,713,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 0Source | 0Source | 0Source | — | — | — |
| InterestExpenseNonoperatingUSD | — | — | 2,000Source | 11,000Source | 8,000Source | 3,000Source | 2,000Source | 2,000Source | 8,000Source | 38,000Source | — | — |
| Investment Income, InterestUSD | — | — | 11,000Source | 10,000Source | 0Source | 7,000Source | 2,000Source | 13,000Source | 37,000Source | 32,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -1,700,000Source | -1,860,000Source | -1,695,000Source | -1,823,000Source | -1,601,000Source | -1,659,000Source | -6,869,000Source | -7,732,000Source | -8,945,000Source | -6,073,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -1,860,000Source | — | — | — | — | — | -7,732,000Source | -9,022,000Source | -6,253,000Source |
| Nonoperating Income (Expense)USD | — | — | 14,000Source | -1,000Source | -3,000Source | 10,000Source | 5,000Source | 11,000Source | 46,000Source | -6,000Source | 45,000Source | 80,000Source |
| Operating ExpensesUSD | — | — | — | 1,918,000Source | — | — | — | — | — | — | 9,093,000Source | 6,153,000Source |
| Operating Lease, ExpenseUSD | — | — | 33,000Source | 40,000Source | 33,000Source | 33,000Source | 33,000Source | 33,000Source | 132,000Source | 144,000Source | — | — |
| Other Nonoperating Income (Expense)USD | — | — | — | -1,000Source | — | — | — | — | — | 0Source | -5,000Source | -9,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 2,523,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 2,700,000Source | 6,482,000Source | 5,992,000Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | 0Source | 149,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 123,000Source | 59,000Source | — | 317,000Source | — | 45,000Source | — | 430,000Source | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 123,000Source | 59,000Source | 414,000Source | 317,000Source | 226,000Source | 45,000Source | 704,000Source | 430,000Source | 103,000Source | — |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 4,411,000Source |
| Operating Income (Loss)USD | — | — | -1,714,000Source | -1,859,000Source | -1,692,000Source | -1,833,000Source | -1,606,000Source | -1,670,000Source | -6,915,000Source | -7,726,000Source | -8,990,000Source | -6,153,000Source |
| Other Nonoperating Income (Expense)USD | — | — | — | -1,000Source | — | — | — | — | — | 0Source | -5,000Source | -9,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | -6,869,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 0Source | 0Source | 0Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -1,700,000Source | -1,860,000Source | -1,695,000Source | -1,823,000Source | -1,601,000Source | -1,659,000Source | -6,869,000Source | -7,732,000Source | -8,945,000Source | -6,073,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.1Source | -0.12Source | -0.1Source | -0.11Source | -0.09Source | -0.1Source | -0.42Source | -0.52Source | -0.67Source | -0.54Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | -0.12Source | — | — | — | — | — | — | -0.67Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 17,033,109Source | 15,017,591Source | 17,580,744Source | 15,918,979Source | 17,580,744Source | 15,918,979Source | 16,517,126Source | 14,789,332Source | 13,455,666Source | 11,349,610Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | 15,017,591Source | — | — | — | — | — | — | 13,455,666Source | — |
| Interest Expense (non-operating)USD | — | — | 2,000Source | 11,000Source | 8,000Source | 3,000Source | 2,000Source | 2,000Source | 8,000Source | 38,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Costs and ExpensesUSD | — | — | 1,837,000Source | 1,918,000Source | 2,106,000Source | 2,150,000Source | 1,832,000Source | 1,715,000Source | 7,619,000Source | 8,156,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 1,045,000Source | 1,148,000Source | 751,000Source | 1,151,000Source | 1,045,000Source | 1,071,000Source | 4,253,000Source | 5,022,000Source | 5,713,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -6,868,000Source | — | — | — |
| Interest and Other IncomeUSD | — | — | — | — | — | — | — | — | — | — | 64,000Source | — |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 14,000Source | — |
| Investment Income, InterestUSD | — | — | 11,000Source | 10,000Source | 0Source | 7,000Source | 2,000Source | 13,000Source | 37,000Source | 32,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -1,860,000Source | — | — | — | — | — | -7,732,000Source | -9,022,000Source | -6,253,000Source |
| Nonoperating Income (Expense)USD | — | — | 14,000Source | -1,000Source | -3,000Source | 10,000Source | 5,000Source | 11,000Source | 46,000Source | -6,000Source | 45,000Source | 80,000Source |
| Operating ExpensesUSD | — | — | — | 1,918,000Source | — | — | — | — | — | — | 9,093,000Source | 6,153,000Source |
| Operating Lease, ExpenseUSD | — | — | 33,000Source | 40,000Source | 33,000Source | 33,000Source | 33,000Source | 33,000Source | 132,000Source | 144,000Source | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | — | — | — | — | — | — | — | 0Source | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | — | — | — | — | — | — | — | 0Source | — | — |
| Research and Development ExpenseUSD | — | — | 655,000Source | 557,000Source | 948,000Source | 697,000Source | 563,000Source | 601,000Source | 2,653,000Source | 2,310,000Source | 3,062,000Source | 1,742,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 123,000Source | 59,000Source | — | 317,000Source | — | 45,000Source | — | 430,000Source | — | — |
| Selling and Marketing ExpenseUSD | — | — | — | 143,000Source | — | — | — | 10,000Source | — | 554,000Source | 294,000Source | — |